India To Become $10 Trillion Economy by 2026

[GURU DUTT]

This is really awful. As long as India don't reach 10 trillion in US dollar terms till then it won't be considered a $10 trillion economy. Countries are measured in GDP for entire world not only for india. In your local currency india gdp in RS can increase if your govt print more notes but that doesn't mean that India is growing. I think you need to be mature about economics.

well maybe we will reach there maybe we wont but at least we are working on it and all the international players are putting there money with us but why are you so bothered

instead of making fun of indian ambitions and marketing try to raise your economy and make it strong enof so you do not have to look towards USA each year to have a bailout package for WB or IMF defaulting ... got it

 

[BetterPakistan]

well maybe we will reach there maybe we wont but at least we are working on it and all the international players are putting there money with us but why are you so bothered

instead of making fun of indian ambitions and marketing try to raise your economy and make it strong enof so you do not have to look towards USA each year to have a bailout package for WB or IMF defaulting ... got it

Oh really you are working to reach that goal? Don't you worry about Pak economy because since 2013 our economy is recovering and we will outclass your GDP growth after 2018 so don't bother about it.

As far as aid is concerned I already proved you before that India received the most Aid from the world. Last year India received $2.5 billion while Pakistan received $2 billion so you guys received more aid compare to Pakistan. instead of telling us work for your country first kids.

And for current year IMF is going to lend india $2.820 billion to india while Pak will get a last tranche of $500 million so you guys are taking more money from international banks compare to Pak. Stop taking loans and aid first than tell us

 

[GURU DUTT]

Oh really you are working to reach that goal? Don't you worry about Pak economy because since 2013 our economy is recovering and we will outclass your GDP growth after 2018 so don't bother about it.

As far as aid is concerned I already proved you before that India received the most Aid from the world. Last year India received $2.5 billion while Pakistan received $2 billion so you guys received more aid compare to Pakistan. instead of telling us work for your country first kids.

And for current year IMF is going to lend india $2.820 billion to india while Pak will get a last tranche of $500 million so you guys are taking far more money from international banks compare to Pak. Stop taking loans and aid first than tell us

so what if we had aid and IMF is giving further loans whats your achievement in this regard

... well it means IMF trusts in us while you have to persuade USA every other year for a IMF & WB bailout

thing is we are the fastest growing economy and loans are taken and repaid and thats why we are the largest FDI destination and fastest growing economy in the world so think where is your economy today dont worry about us we know what we aere doing and the whole world is standing with us

 

[BetterPakistan]

so what if we had aid and IMF is giving further loans whats your achievement in this regard

... well it means IMF trusts in us while you have to persuade USA every other year for a IMF & WB bailout

thing is we are the fastest growing economy and loans are taken and repaid and thats why we are the largest FDI destination and fastest growing economy in the world so think where is your economy today dont worry about us we know what we aere doing and the whole world is standing with us

You told me that Pak took bailout program and when I told you that India took big loans than you are saying they trust you more? Is this the way you argue? If yes than you must change it because its immature

You became the fastest growing because China gdp growth was reduced not because your GDP growth increased so don't try to malign the facts. India is soon becoming the most populous country so it isn't good because India didn't received the most FDI last year instead it was not in top 5 You better search first and than confront me.

I told you don't worry about us we are recovering since 2013 and will outclass every country growth rate after 2018 and you gonna see that while your govt will try to destabilize it as always but won't be successful.

 

[GURU DUTT]

You told me that Pak took bailout program and when I told you that India took big loans than you are saying they trust you more? Is this the way you argue? If yes than you must change it because its immature

You became the fastest growing because China gdp growth was reduced not because your GDP growth increased so don't try to malign the facts. India is soon becoming the most populous country so it isn't good because India didn't received the most FDI last year instead it was not in top 5 You better search first and than confront me.

I told you don't worry about us we are recovering since 2013 and will outclass every country growth rate after 2018 and you gonna see that while your govt will try to destabilize it as always but won't be successful.

in layman terms there is hell lot of diffrence between bailout and loans unless you dont know about it

loan is what you take from bank and pay it back throough EMI with portion of loan ammount and interests while bailout is when you dont have the moeny to either pay the loan in EMIs or the intersts and then go to your bank and garountor to give a bail out pakage to escape a default what USA is doing for lost so many years got it

sure china is way ahead of us congrats to them they worked harder & more smartly so they are tell me what is your achievement in it

as for your economy its already too dependent on US and no financial institution is ready to give further loans to you unless there is a US nod who is to blame for that

see thing is is you are jelous of growing indian economy which is almost more than 8 times your economy which once was so sluggish that we were on brink of defaulting while you were one of the fastest growing economies so worry about what and how things went wrong for you and how will you rectify it cause no one is going to do that for you not china not USA Got It

as for outclassing all other economies there is a big "WILL" in between instead of dreaming first achieve it and then boast ..... as they say never count your chickens till they hatch

 

[randomradio]

This is really awful. As long as India don't reach 10 trillion in US dollar terms till then it won't be considered a $10 trillion economy. All Countries are measured in US dollar GDP not only india. In your local currency india gdp in Rupees can increase if your govt print more notes but that doesn't mean that India is growing. I think you need to be mature about economics.

You think India printed 15T worth of rupees from 2014 to 2015? You don't measure printed currency in GDP. You calculate goods and services by putting a value to it.

The US has added $4.5T since 2008 in QE. But it's economy has only increased by $2T.
http://www.cnbc.com/2016/06/13/12-trillion-of-qe-and-the-lowest-rates-in-5000-years-for-this.html

You need to check what an economy is and how it is measured. And you also need to check how the exchange rate system works and why it is used. And you also need to read about how money is printed and what will happen if RBI prints 15T rupees in just one year. (Heard of Zimbabwe?)

Yeah, India PPP is more than japan but one more thing India population is about 10 times more than japan too.

That's exactly why India's economy is bigger than Japan's. That's also why China's economy is now bigger than the US and the EU. What you are referring to is per capita income, which will obviously be lower. In that sense even China is poorer than Japan even with a larger GDP. And similarly, both US and Japan are poorer than Qatar.

But it doesn't change the fact that in terms of volumes both India and China now completely overshadow every other economy in the world except the US. That's why the US, China and India also have the biggest military forces in the world.

Basically, for an Indian it doesn't matter if India is or is not a $10T economy. Depending on priorities, India can be a $4T economy or even a $16T economy. You just haven't yet understood how the system works.

Oh really you are working to reach that goal? Don't you worry about Pak economy because since 2013 our economy is recovering and we will outclass your GDP growth after 2018 so don't bother about it.

As far as aid is concerned I already proved you before that India received the most Aid from the world. Last year India received $2.5 billion while Pakistan received $2 billion so you guys received more aid compare to Pakistan. instead of telling us work for your country first kids.

And for current year IMF is going to lend india $2.820 billion to india while Pak will get a last tranche of $500 million so you guys are taking more money from international banks compare to Pak. Stop taking loans and aid first than tell us

Weird, when it comes to GDP you prefer to talk about per capita. But when it comes to aid, you talk about absolutes.

India takes money from other sources to create more revenue. Meaning, India can borrow $3B and then turn it into $6B in a few years. India's making a profit with other people's money while also creating jobs and boosting consumption. Pakistan is borrowing money to pay back old loans or balance the budget. They are two completely different things.

There is a big difference between good loans and bad loans.

 

[BetterPakistan]

You think India printed 15T worth of rupees from 2014 to 2015? You don't measure printed currency in GDP. You calculate goods and services by putting a value to it.

The US has added $4.5T since 2008 in QE. But it's economy has only increased by $2T.
http://www.cnbc.com/2016/06/13/12-trillion-of-qe-and-the-lowest-rates-in-5000-years-for-this.html

You need to check what an economy is and how it is measured. And you also need to check how the exchange rate system works and why it is used. And you also need to read about how money is printed and what will happen if RBI prints 15T rupees in just one year. (Heard of Zimbabwe?)

That's exactly why India's economy is bigger than Japan's. That's also why China's economy is now bigger than the US and the EU. What you are referring to is per capita income, which will obviously be lower. In that sense even China is poorer than Japan even with a larger GDP. And similarly, both US and Japan are poorer than Qatar.

But it doesn't change the fact that in terms of volumes both India and China now completely overshadow every other economy in the world except the US. That's why the US, China and India also have the biggest military forces in the world.

Basically, for an Indian it doesn't matter if India is or is not a $10T economy. Depending on priorities, India can be a $4T economy or even a $16T economy. You just haven't yet understood how the system works.

You better become mature in economics first then we shall argue about it. I think you seriously need economic knowledge because what you say doesn't reflect your country economic situation.

Weird, when it comes to GDP you prefer to talk about per capita. But when it comes to aid, you talk about absolutes.

India takes money from other sources to create more revenue. Meaning, India can borrow $3B and then turn it into $6B in a few years. India's making a profit with other people's money while also creating jobs and boosting consumption. Pakistan is borrowing money to pay back old loans or balance the budget. They are two completely different things.

There is a big difference between good loans and bad loans.

Not loans first India took aid, aid and aid last year worth $2.5 billion means other countries donated $2.5 billion to India last year which is more than what pakistan received.

Who told you Pakistan take loans to return loans? We are taking loans to upgrade our infrastructure and provide better facilities to our people. You are saying that you take loans and convert it into double and Pakistan take loans to return previous loans? You are really defending it poorly...
Your economy isn't becoming double in few years while you double that loan money in few years? What a joke...

Your friend said to me that Pakistan take loans from IMF for which I replied India took more loans last year than Pakistan so India don't need to worry about our loans.

India debt-to-gdp ratio is 64.9% for 2014 while Pakistan debt-to-gdp ratio is 61.8% for 2014 which reflects who took more loans and who needs loan to return loan.

in layman terms there is hell lot of diffrence between bailout and loans unless you dont know about it

loan is what you take from bank and pay it back throough EMI with portion of loan ammount and interests while bailout is when you dont have the moeny to either pay the loan in EMIs or the intersts and then go to your bank and garountor to give a bail out pakage to escape a default what USA is doing for lost so many years got it

sure china is way ahead of us congrats to them they worked harder & more smartly so they are tell me what is your achievement in it

as for your economy its already too dependent on US and no financial institution is ready to give further loans to you unless there is a US nod who is to blame for that

see thing is is you are jelous of growing indian economy which is almost more than 8 times your economy which once was so sluggish that we were on brink of defaulting while you were one of the fastest growing economies so worry about what and how things went wrong for you and how will you rectify it cause no one is going to do that for you not china not USA Got It

as for outclassing all other economies there is a big "WILL" in between instead of dreaming first achieve it and then boast ..... as they say never count your chickens till they hatch

Pakistan gonna get last tranche of $500 million and after that the program will be over. Loans and bailouts results in debt which India have more than pakistan because India debt-to-gdp ratio was 64.9% for 2014 and Pakistan was 61.8% for 2014.

Don't you remember what happened to your country in 1991? That famous economic crisis when India’s foreign exchange reserves were $1.2 billion in January 1991 and depleted by half by June, barely enough to last for roughly 3 weeks of essential imports, India was only weeks way from defaulting on its external balance of payment obligations.

Government of India's immediate response was to secure an emergency loan of $2.2 billion from the International Monetary Fund by pledging 67 tons of India's gold reserves as collateral.The Reserve Bank of India had to airlift 47 tons of gold to the Bank of England and 20 tons of gold to the Union Bank of Switzerland to raise $600 million. at least Pakistan isn't pledging its gold to anyone

We are having bad relations with US but still IMF is ready to launch it last tranche of $500 million. World Bank is ready to provide committed soft loans to us. ADB program is already financing projects in Pakistan. CPEC $80 billion investment is pouring in Pakistan. Who told you there is no one to support us?

You better needs to look at your country the poorest in the world. If Indian economy is times bigger than us than its population is also times bigger than us so it is not the point of discussion.

There is a big WILL too in beating China and reaching double digit GDP growth for your country too.

Even Africa whose population is about 1.1 billion which is less than your country population has bigger GDP than India. Africa GDP was recorded $2.39 trillion for 2013 while India GDP was recorded $1.877 trillion which proves the biggest and the worst too country is none other than India.

 

[GURU DUTT]

You better become mature in economics first then we shall argue about it. I think you seriously need economic knowledge because what you say doesn't reflect your country economic situation.



Not loans first India took aid, aid and aid last year worth $2.5 billion means other countries donated $2.5 billion to India last year which is more than what pakistan received.

Who told you Pakistan take loans to return loans? We are taking loans to upgrade our infrastructure and provide better facilities to our people. You are saying that you take loans and convert it into double and Pakistan take loans to return previous loans? You are really defending it poorly...
Your economy isn't becoming double in few years while you double that loan money in few years? What a joke...

Your friend said to me that Pakistan take loans from IMF for which I replied India took more loans last year than Pakistan so India don't need to worry about our loans.

India debt-to-gdp ratio is 64.9% for 2014 while Pakistan debt-to-gdp ratio is 61.8% for 2014 which reflects who took more loans and who needs loan to return loan.




Pakistan gonna get last tranche of $500 million and after that the program will be over. Loans and bailouts results in debt which India have more than pakistan because India debt-to-gdp ratio was 64.9% for 2014 and Pakistan was 61.8% for 2014.

Don't you remember what happened to your country in 1991? That famous economic crisis when India’s foreign exchange reserves were $1.2 billion in January 1991 and depleted by half by June, barely enough to last for roughly 3 weeks of essential imports, India was only weeks way from defaulting on its external balance of payment obligations.

Government of India's immediate response was to secure an emergency loan of $2.2 billion from the International Monetary Fund by pledging 67 tons of India's gold reserves as collateral.The Reserve Bank of India had to airlift 47 tons of gold to the Bank of England and 20 tons of gold to the Union Bank of Switzerland to raise $600 million. at least Pakistan isn't pledging its gold to anyone

We are having bad relations with US but still IMF is ready to launch it last tranche of $500 million. World Bank is ready to provide committed soft loans to us. ADB program is already financing projects in Pakistan. CPEC $80 billion investment is pouring in Pakistan. Who told you there is no one to support us?

You better needs to look at your country the poorest in the world. If Indian economy is times bigger than us than its population is also times bigger than us so it is not the point of discussion.

There is a big WILL too in beating China and reaching double digit GDP growth for your country too.

Even Africa whose population is about 1.1 billion which is less than your country population has bigger GDP than India. Africa GDP was recorded $2.39 trillion for 2013 while India GDP was recorded $1.877 trillion which proves the biggest and the worst too country is none other than India.

great to see you doing actual research

but that was is 1991 and now its 2016 where were we then and where are we now and what are the forecast on indian economy by almost all of the major financial institutions in the world like WB or IMF

thing is we got loans and are also getting more of them cause we pay them back with interests with money generated from owr own economy and strengths and thats the main reason even after all that we still getting more FDI proposals in a year which you hope to genrate even after 10 years ever wondered why

and why doesnt USA or UK or France or any of there allies gives your nation the same respect and trust even when you were part of CEATO CENTO and a major frontline state or say "most important non NATO ally" and why you have to look towards US congress and senaet and have to agree to shamefull Pact like "kerry lugar bill"

think about it and do some more research as india or its economy or for that matter any ammount of loans its getting are none or your buisness and achievements what you have now is what counts

 

[BetterPakistan]

great to see you doing actual research

but that was is 1991 and now its 2016 where were we then and where are we now and what are the forecast on indian economy by almost all of the major financial institutions in the world like WB or IMF

thing is we got loans and are also getting more of them cause we pay them back with interests with money generated from owr own economy and strengths and thats the main reason even after all that we still getting more FDI proposals in a year which you hope to genrate even after 10 years ever wondered why

and why doesnt USA or UK or France or any of there allies gives your nation the same respect and trust even when you were part of CEATO CENTO and a major frontline state or say "most important non NATO ally" and why you have to look towards US congress and senaet and have to agree to shamefull Pact like "kerry lugar bill"

think about it and do some more research as india or its economy or for that matter any ammount of loans its getting are none or your buisness and achievements what you have now is what counts

So finally you admitted what you suffered from? And in the same way IMF programme will be over in a few months after IMF releases the last tranche while India will keep on taking the most loans and aids from the world awww poor india

bailouts loans need to be repaid with interests. Do you even know what bailout is? You should know because India did pledged its gold too receive bailouts when it suffered the worst balance of payment crisis.

Since 2001 Pakistan was declared major NON- Nato ally which india is trying to become now but we keep on protecting our interests that's why our relation with US is bad which I don't give a damn about because the next superpower is investing billionS in our country and supporting us where ever we need him

Yeah, India did achieved a lot, the poorest country, malnutrition etc and it received a PM who is a killer of thousands of indians in gujrat and is trying to kill all the minorities in his own country

 

[GURU DUTT]

So finally you admitted what you suffered from? And in the same way IMF programme will be over in a few months after IMF releases the last tranche while India will keep on taking the most loans and aids from the world awww poor india

bailouts loans need to be repaid with interests. Do you even know what bailout is? You should know because India did pledged its gold too receive bailouts when it suffered the worst balance of payment crisis.

Since 2001 Pakistan was declared major NON- Nato ally which india is trying to become now but we keep on protecting our interests that's why our relation with US is bad which I don't give a damn about because the next superpower is investing billionS in our country and supporting us where ever we need him

Yeah, India did achieved a lot, the poorest country, malnutrition etc and it received a PM who is a killer of thousands of indians in gujrat and is trying to kill all the minorities in his own country

why should i be ashamed of my past as i cant change it but that doesnt means i should stop working for a better future if my past was not perfect as that was past what matters is how am i placed right now and what is my future plan and how am i going to achieve my goals only fools make fun of others past when there present can only be termed as misrable got it

 

[randomradio]

You better become mature in economics first then we shall argue about it. I think you seriously need economic knowledge because what you say doesn't reflect your country economic situation.

So India's 7.9% GDP growth in the first quarter is false? Even though India is only now recovering from a recession?

Not loans first India took aid, aid and aid last year worth $2.5 billion means other countries donated $2.5 billion to India last year which is more than what pakistan received.

Who told you Pakistan take loans to return loans? We are taking loans to upgrade our infrastructure and provide better facilities to our people. You are saying that you take loans and convert it into double and Pakistan take loans to return previous loans? You are really defending it poorly...
Your economy isn't becoming double in few years while you double that loan money in few years? What a joke...

Your friend said to me that Pakistan take loans from IMF for which I replied India took more loans last year than Pakistan so India don't need to worry about our loans.

India debt-to-gdp ratio is 64.9% for 2014 while Pakistan debt-to-gdp ratio is 61.8% for 2014 which reflects who took more loans and who needs loan to return loan.

Is that why India has a higher credit rating than Pak?

Sorry to say this, but you have no clue how economies work.

 

[BetterPakistan]

So India's 7.9% GDP growth in the first quarter is false? Even though India is only now recovering from a recession?

is 7.9 enough to take india to $10 trillion till 2026? I believe IMF figures and last year it reported 7.3% for india.

s that why India has a higher credit rating than Pak?

Sorry to say this, but you have no clue how economies work.

you don't ave any clue about how economics work. You are continuously talking about that currency matter which is not the concern. I was stunned to read what you were writing. It was horrible, believe me.
Don't worry about that rating our economy has recovered a lot since 2013 and we will outclass everyone after 2018.

why should i be ashamed of my past as i cant change it but that doesnt means i should stop working for a better future if my past was not perfect as that was past what matters is how am i placed right now and what is my future plan and how am i going to achieve my goals only fools make fun of others past when there present can only be termed as misrable got it

If you read previous comments than you came here and made the conversation funny. You keep on bashing Pak, this is the reason i keep on making you guys realize that you are not living in a heaven country also. Our country is progressing and world recognizes it and we are going to outclass everyone.

 

[randomradio]

is 7.9 enough to take india to $10 trillion till 2026? I believe IMF figures and last year it reported 7.3% for india.

7.9% was for the first quarter. And this is recession-recovery growth, not full steam growth.


This is what Morgan Stanley thinks.
http://economictimes.indiatimes.com...morgan-stanley-india/articleshow/52512326.cms

Which means 7.9% is not considered high growth as far as India is concerned.

you don't ave any clue about how economics work. You are continuously talking about that currency matter which is not the concern. I was stunned to read what you were writing. It was horrible, believe me.
Don't worry about that rating our economy has recovered a lot since 2013 and we will outclass everyone after 2018.

Of course I don't know how it works. Even WB, IMF, Citibank etc have no clue how economies work. Only you do.

Have you ever heard of Household Consumption?
http://data.worldbank.org/indicator/NE.CON.PETC.ZS

Look at China's figure and then look at India's and the US's. Do you think Indian citizens use dollars to buy food in India? 60% of our economy is practically cost of living. 60% of everything we make is consumed domestically.

But according to you, facts are wrong. So, India doesn't have one of the largest amounts of infrastructure, India doesn't have a large military, India is very poor. Happy?

If you read previous comments than you came here and made the conversation funny. You keep on bashing Pak, this is the reason i keep on making you guys realize that you are not living in a heaven country also. Our country is progressing and world recognizes it and we are going to outclass everyone.

Who is bashing Pak? The discussion is based on facts. If facts are not in Pak's favour, that doesn't mean people are bashing Pak. Otoh, you are the one who is bashing India. You don't recognize that India has actually been growing all these years even after I have presented facts. What you call growth in Pak is called a recession in India, that doesn't mean India wasn't growing, nor is that called bashing.

 

[BetterPakistan]

7.9% was for the first quarter. And this is recession-recovery growth, not full steam growth.


This is what Morgan Stanley thinks.
http://economictimes.indiatimes.com...morgan-stanley-india/articleshow/52512326.cms

Which means 7.9% is not considered high growth as far as India is concerned.



Of course I don't know how it works. Even WB, IMF, Citibank etc have no clue how economies work. Only you do.

Have you ever heard of Household Consumption?
http://data.worldbank.org/indicator/NE.CON.PETC.ZS

Look at China's figure and then look at India's and the US's. Do you think Indian citizens use dollars to buy food in India? 60% of our economy is practically cost of living. 60% of everything we make is consumed domestically.

But according to you, facts are wrong. So, India doesn't have one of the largest amounts of infrastructure, India doesn't have a large military, India is very poor. Happy?



Who is bashing Pak? The discussion is based on facts. If facts are not in Pak's favour, that doesn't mean people are bashing Pak. Otoh, you are the one who is bashing India. You don't recognize that India has actually been growing all these years even after I have presented facts. What you call growth in Pak is called a recession in India, that doesn't mean India wasn't growing, nor is that called bashing.

Uffff i cannot match up with you.. Insha ALLAH i'll present here and i hope you will also be present here and we will see where india reaches till 2026
Deal??

 

[randomradio]

Uffff i cannot match up with you.. Insha ALLAH i'll present here and i hope you will also be present here and we will see where india reaches till 2026
Deal??

Dude, I don't think you have understood even one little thing I've said.

It won't matter if India's $GDP is $4T or $16T.

Even if we say the US is at $20T in 2026 and India is at $4T, but India will be a much bigger economy than the US because the exchange rate is meaningless. India could be even be two or three times bigger than the US by then.

Indian companies would be selling two or three times more cars, India will be consuming many times more food, India will need hundreds of millions of new houses, govt revenues would be twice as much etc.

The dollar GDP is used only so a western businessman knows how rich the individual people are and how many of his products he can sell to them by comparing it to his own market, and the exchange rate is a very highly determining factor for trade, trade that India is considerably less invested in compared to many other countries. In 20 or 30 years, people may even stop using dollars and maybe switch to CNY or even the INR.

The dollar GDP is merely dependent on how much dollars are present in India versus rupees. Because of India's less than sufficient trade for an economy of its size, the amount of forex is low. If a highly advanced Type III alien civilization that completely controls this galaxy comes to the earth tomorrow, its entire dollar GDP will be ZERO. Do you understand?

India is already bigger than Japan. The infrastructure projects in India alone are so big now that they completely dwarf everything that Japan does.